Pi Network (PI) fell 4% by press time Friday, reversing its three-day rally sparked by Wednesday’s partnership announcement with CiDi Games. The pullback threatens to wipe out this week’s gains as Centralized Exchanges (CEXs) record a sharp spike in deposits ahead of December’s scheduled unlock of 186 million PI tokens.
The collaboration with CiDi Games initially boosted sentiment by expanding PI’s real-world utility in gaming. Under the partnership, the PI token becomes the primary currency for payments, transactions and user incentives across CiDi Games’ titles. An open development framework extending Pi Network is also in progress, with early testing planned for 2026.
Despite this, PI’s intraday reversal aligns with a surge in CEX wallet balances, which rose to 1.71 million tokens in 24 hours — a sign of growing uncertainty as traders position ahead of the unlock. The December release represents 43% of the total 431.48 million PI available on exchanges, increasing the risk of heightened selling pressure.
Pi Network Loses Momentum Near the 100-Day EMA
PI trades around $0.2600 after Friday’s pullback, nearly erasing Thursday’s 6.88% gain and jeopardizing the reclaimed 50-day Exponential Moving Average (EMA) at $0.2446. A drop below that level could extend losses toward the $0.2000 psychological support.
Technical indicators point to cooling demand. The Relative Strength Index (RSI) has eased to 61, retreating from overbought territory. The MACD and signal line remain above zero, but a deeper correction could cause the red line to cross below the blue — a traditional sell trigger.
A bullish rebound could push PI toward the 100-day EMA at $0.2921, with a further upside target near the August 1 low at $0.3220.
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